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Mar 31, 2020
Natera Q1 2020 Earnings Report
Reported record revenues and test volumes, and drove cost of goods sold per unit near the long-term target.
Key Takeaways
Natera reported a strong first quarter with record revenues of $94.0 million, a 41% increase compared to the first quarter of 2019. The company also processed 235,500 tests and achieved higher gross margins due to increased volume and average selling price.
Total revenues were $94.0 million, a 41% increase compared to Q1 2019.
Processed 235,500 tests, including approximately 222,400 tests accessioned in its laboratory.
Gross profit was $49.0 million, representing a 52% gross margin.
Net loss was $35.4 million, or ($0.45) per diluted share.
Forward Guidance
Natera has withdrawn its financial guidance for the 2020 fiscal year due to the highly dynamic situation and ongoing disruptions from COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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